Readi Overview

  • Year Founded
  • 2021

Year Founded

  • Status
  • Private

  • Employees
  • 27

Employees

  • Latest Deal Type
  • Series B

  • Latest Deal Amount
  • $8.86M

  • Investors
  • 12

Readi General Information

Description

Developer of an energy recovery system designed to transform any excavator into an eco-friendly robot. The company's system can be installed on any excavator and recovers the potential energy generated by the excavator boom, enabling clients to experience improved fuel economy and reduced carbon emissions from excavators.

Contact Information

Website
www.readi.co.kr
Ownership Status
Privately Held (backing)
Financing Status
Venture Capital-Backed
Corporate Office
  • 306, 3rd floor, Busan Knowledge Industry Center
  • 2 Sinseon-ro, Nam-gu
  • Busan
  • South Korea
+82
Primary Industry
Electrical Equipment
Other Industries
Other Equipment
Vertical(s)
Robotics and Drones
Corporate Office
  • 306, 3rd floor, Busan Knowledge Industry Center
  • 2 Sinseon-ro, Nam-gu
  • Busan
  • South Korea
+82

Readi Timeline

2023202420252026
Financing RoundCaptured Employee CountEstimated Employee Growth

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Readi Valuation & Funding

Deal Type Date Amount Raised to Date Post-Val Status Stage
6. Later Stage VC (Series B) 24-Jul-2026 $8.86M Completed Generating Revenue
5. Accelerator/Incubator 23-Mar-2026 Completed Generating Revenue
4. Early Stage VC (Series A) 21-Aug-2024 Completed Generating Revenue
3. Early Stage VC 11-Jun-2023 Completed Generating Revenue
2. Accelerator/Incubator 27-Feb-2022 Completed Generating Revenue
1. Seed Round 20-Jan-2022 Completed Generating Revenue
To view Readi’s complete valuation and funding history, request access »

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Readi Patents

  • 25

    Total Documents Applications and Grants

  • Total Patents Families

  • 4

    Granted

  • 8

    Pending

  • Expiring in next 12 mo

Readi Recent Patent Activity

Publication ID Patent Title Status First Filing Date Technology (CPC) Citations
WO-2024155024-A1 Accumulator pressure control valve system of construction equipment boom energy recovery system Inactive 18-Jan-2023
WO-2024154984-A1 Diagnosis apparatus and system for determining status of hydraulic motor in energy recovery system Inactive 18-Jan-2023
WO-2023234642-A1 Boom energy recovery system comprising hydraulic valve assembly for falling prevention of boom cylinder for construction equipment, including energy regeneration function Inactive 02-Jun-2022
WO-2023234630-A1 Diagnostic device and method for determining state of accumulator Inactive 02-Jun-2022
WO-2023234635-A1 Energy management system and method for managing costs saved through energy recovery Inactive 02-Jun-2022
To view Readi’s complete patent history, request access »

Readi Signals

Growth Rate

Weekly
Growth
Weekly Growth

Size Multiple

Median
Size Multiple

Key Data Points

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Readi Investors (12)

Investor Name Investor Type Holding Investor Since Participating Rounds
K-Run Ventures Venture Capital Minority
SGC Partners (South Korea) Corporate Venture Capital Minority
ubiQuoss Investment Corporate Venture Capital Minority
D-Camp Accelerator/Incubator Minority
Korea Development Bank VC-Backed Company Minority
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Readi FAQs

  • When was Readi founded?

    Readi was founded in 2021.

  • Where is Readi headquartered?

    Readi is headquartered in Busan, South Korea.

  • What is the size of Readi?

    Readi has 27 total employees.

  • What industry is Readi in?

    Readi’s primary industry is Electrical Equipment.

  • Is Readi a private or public company?

    Readi is a Private company.

  • What is Readi’s current revenue?

    The current revenue for Readi is .

  • How much funding has Readi raised over time?

    Readi has raised $14.3M.

  • Who are Readi’s investors?

    K-Run Ventures, SGC Partners (South Korea), ubiQuoss Investment, D-Camp, and Korea Development Bank are 5 of 12 investors who have invested in Readi.

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